MARKETS JUMP AFTER BIG GDP REPORT

nymex oil traders

REUTERS/Jeff Zelevansky

Traders work in the crude oil pit on the floor of the New York Mercantile Exchange in New York January 2, 2008.

U.S. futures are moving following today's strong GDP report.

S&P 500 futures are up 10 points. Just prior to the release, they were up 3 points.

GDP grew at a 4.0% pace in Q2, reported the BEA. This was much stronger than the 3.0% expected by economists.

More to come...

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